On July 4th, Guolonghui reported that Bocom International released a report stating that China Longyuan is planning to inject 4 million kilowatts of new energy assets from its parent company, which is consistent with the company's intention to partially fulfill its acquisition commitments. The report believes that the company's restart of the acquisition of new energy assets from its parent company is of great significance, and will slightly support the company's valuation in the short term. Therefore, it maintains a "buy" rating with a target price of HKD 9.03. The above-mentioned new energy assets will be injected into China Longyuan in batches, and it is estimated that the first batch of projects will begin to be injected within this year. Currently, the company is more inclined to use internal resources and bank loans to pay the acquisition amount.
大行评级｜交银国际：龙源电力收购母企新能源资产料可支持估值提升 维持“买入”评级
BOCOM Intl: China Longyuan's acquisition of its parent company's new energy assets is expected to support the increase in valuation. Maintain a "buy" rating.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.